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Asian Markets Welcome Fed Tapering

12/18/2013 11:22PM

Markets across Asia breathed a sigh of relief after the U.S. Federal Reserve started gradually pulling back on its aggressive stimulus measures. The WSJ’s Jake Lee spoke to HSBC economist Leif Eskesen.

This transcript has been automatically generated and may not be 100% accurate.

... the ... Asian markets read it slightly ... off the stands as it gradually pull back from stimulus ... this is Asia's today and GE and joined by unlike asks chief economist at HSBC what a Xi'an in India ... thank so much for joining it fills Fed months now been torn about this Fed and the decisions we've just added focused roots of our Asian markets are reacting to a ... blessing we ... have seen the lessons along the expected lines to some extent Amanda's been some ... weakening in currencies against the U S dollar seen some ... increase in deals may not domestically but that's an increase in yields ... and it also equity markets would generally speaking have been responding to a fixed costs into ... estimates see that the Fed tapering ... nonetheless any nesting ... tangible to talk about is to get stitches and started sourcing a surprise versus tightening the sink into the substance ... of show that in the execution of the tapering ... it's quite modest but cautious ... so trying ... to ten billion subsidy for months come back ... the census because it wants to be quite specific supporter of execution on ... the secret so it's the months that over the next goal of the ones I was Steve Nechelput is it so that than expected ... the notice of me that infected and it's it's not so that the contents of the month to purchases ... and of course also has indicated that the six ... cents ... unemployment target could potentially trigger a hike in the fed funds rate ... it is a soft top that so that it expected that the funds rate ... would remain with his even as unemployment ... since no six nap percent ... Seoul won't know quite to say ... that ... dovish Fed still in many ways but it's not something or significant in the cases for ... Tuesday and once the conditions that since that's one of the beast ... you have the ... equity market's responding to restate do this it is also getting a bit more encouraged about the ... macro picture to the grocery Best Brokers ... again that's awesome when you see equity markets are responding to repeat ... that it away from today's move what the will that mean for the Asia going for it use to mention the macro picture ... I mean ... good news for the U S must at some point the good news that a show my reading and wrongful pictures of our ... IMAX's pagers while in the months ... CST's the nesting this this this took me know when you consider that ... the justice to sit sipping a lot of that has taken place ... already sends its own sins made seemed yields article on the scene ... equity markets adjust downward to some extent sadistic Christian into much additional impact that the from ... spectrum that stopped to tapering to nothing of the fund ... maybe we won't see too much in terms of the dish toss pillows christening don't expect a rerun ... of what happens ... over the summer on assessing instance additional ... tightening financial conditions of the box months but nevertheless it has been ... a tightening financial conditions ... since May ... and that will not have been the case effects its two to cheap credit causing some of the ... mall to see it ... rely more on its external funding cuts going out some tell ... it deficit of course we have ... been more education Minister it into the financial but also sings ... issued into the main issue taper and takes place ... in the context often in the U S secret Tony Crescenzi is cooling ... still its stores that reach them Monday to see the countries that are more export oriented including Singapore Korea ... those types of cards is ... benefiting from chips to treat the environment include bets on ... the net but also to be ... a lie that it's been suggests that the impact of tapering will ... not be counted in these funds to ... cushion the kids is that ... this is not the only game in town ... he also happened in Japan ... in the process of doubling its balance sheet ... the thing is quite led to the Bank of Japan will show the new smart save policy which is awesome and fourteen ... as it turns out that needed the contrition targets to be difficult to achieve without servants of releasing ... something that we seen this undertaking ... and going to begin to spill over to other ... Asian countries ... and economies ... to cash ... flow ... so to work on the cushion ... to sit on the impact of fifteen per there ... CBC the truth the car as it closed sixteen sitting on a roll ... the Wiccan on its financial conditions remain quite a comedy and said its ... finance and times ahead ... but for now ... life asks into context HSBC Fall Weighs and an India that symmetry joining ... that's it Asia's day but fall more on that story and many more ... please get to dovish to go home ...